Albany is about to move ahead — but not quite yet — with a plan to encourage apartment construction in the downtown area by exempting eligible projects from property taxes for up to 10 years.
Albany is about to move ahead — but not quite yet — with a plan to encourage apartment construction in the downtown area by exempting eligible projects from property taxes for up to 10 years.
A city-owned parking lot on the Albany waterfront has been reconfigured to improve its internal traffic pattern and increase the number of spaces.
On a bike ride through downtown Albany in mid-April, I stopped on the former Wells Fargo Bank property, wondering what happened to the plan for redevelopment of the site. Members of the city council are wondering too.
One or more of three city-owned parking lots on Albany’s Water Avenue may be sold for construction of apartments or other multi-unit buildings, but it will be some time before anything is actually built.
Council adopts incentive program to build
Three city-owned parking lots along the Albany riverfront might some day hold residential high rises because of a partial tax exemption Mayor Alex Johnson II and three council members enacted on Wednesday.
Tags: aapartments, city parking lots, mixed use development, MUPTE, property tax exemption, Water Avenue